The coronavirus pandemic (“COVID”) has made the day hard for businesses and disrupted the global economy, which is projected to shrink by 3% in 2020 based on the world economic outlook of the International Monetary Fund. With this trajectory of the global economy and coupled with the second COVID wave currently sweeping across several countries, we can expect tomorrow to get worse. But all is not lost. Whenever there is a crisis, there will always be an opportunity. Let us consider the top 4 evolving risks and think about what we can do to take advantage of the uncertainties. 

On 9 April 2020 the International Accounting Standards Board published an Exposure Draft, Interest Rate Benchmark Reform – Phase 2, Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16. Click to read the key proposals in the exposure draft.

The emergence of COVID-19 has provided an awakening call for much of the business world. With nearly 3 billion people around the globe under COVID-19 lockdowns, many businesses in the world are experiencing unprecedented business challenges